Ken Jisser - Jun 28, 2023 Form 4 Insider Report for authID Inc. (AUID)

Role
Director
Signature
/s/ Ken Jisser
Stock symbol
AUID
Transactions as of
Jun 28, 2023
Transactions value $
$17,125
Form type
4
Date filed
6/30/2023, 04:33 PM
Previous filing
May 31, 2023
Next filing
May 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AUID Common Stock, $0.0001 par value per share 304K Jun 28, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AUID Stock Options Award $17.1K +25K $0.69 25K Jun 28, 2023 Common Stock, $0.0001 par value per share 25K $0.69 Direct F1
holding AUID Convertible Note 0 Jun 28, 2023 Common Stock, $0.0001 par value per share 197K $0.52 Direct F2
holding AUID Stock Options 100K Jun 28, 2023 Common Stock, $0.0001 par value per share 100K $0.33 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares underling the stock options vest over a period of 12 months.
F2 On May 23, 2023, Mr. Jisser and the Company entered into an exchange agreement whereby Mr. Jisser exchanged the March 2022 Senior Secured Convertible Note in the amount of $101,463, which reflects principal and interest, for 197,015 shares of common stock at a per share price of $0.515.
F3 The shares vest annually in equal amounts over a three-year period.